US500 Dips as 10-Year Yield Breaks 5% and Batters Housing Stocks

The Story

News Summary

Surging 10-year Treasury yields above 5% and 30-year mortgage rates at 7.25% rattled housing-related stocks and weighed on the broader market, sending the S&P 500 down 0.44% alongside steep drops in iBuyer shares like Opendoor and Zillow.

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7585.73 +11.35% over the displayed period

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